Wage cuts and underspending are a direct route to another Great Depression. The US and Germany seem to be headed that way.
Cross-posted from Makroskop and Brave New Europe
Translated and edited by BRAVE NEW EUROPE
In the US at the moment pretty much everything that can be done wrong is being done wrong. …
Among the European nations, France in particular tends to overestimate Germany’s capabilities and measure itself against Germany. The result is a grandiose European misjudgment.
Cross-posted from Makroskop and Brave New Europe
Translated and edited by BRAVE NEW EUROPE
François Villeroy de Galhau, …
There is no return to pre-crisis normality. The new lessons must be learned quickly, otherwise an economic catastrophe is imminent. The course must now be set correctly, especially with regard to debts and wages.
Cross-posted from Makroskop and Brave New Europe
Translated by BRAVE NEW EUROPE
Everyone wants to return to normality – economically as well. …
Germany’s new coronavirus stimulus package is wide of the mark, taking little account of the impact on investment, unemployment and loss of export income.
Cross-posted from Makroskop and Brave New Europe
Translated by BRAVE NEW EUROPE
The economic stimulus package is hailed by most of the media as a big bang. …
